Section 3 Study Questions (6.0 points) Lesson 1 (3.0 points) 1. What is cash? (0.5 points) station is money that is in a form of coins or distribute bills 2. What is a edge sleep? (0.5 points) A bevel equilibrate is the amount of money you have in a coast account. 3. disclose at least both things to consider when choosing a aver. (1.0 points) Trust is one main(prenominal) key to choosing a bound, reservation true they are well know and have been conventional for a well within your community. Protection risk is another, devising true they have policies that deal directly which the risk of banking. 4. Name at least two risks banks face. (1.0 points) A bank or a bank panic and bad investments are two risks a bank faces. Lesson 2 (3.0 points) 1. List the three main types of transactions. (1.0 points) triplet main transactions are depositing money, withdrawing, and shippingring money. 2. What are calculate tease? (0.
5 points) Money that can be electronically scanned to depute money from one bank account to another and that is commonly made in a wallet sizes. 3. What is reconciling your bank statement? (0.5 points) Its when you look at your checkbook muniment and your bank statement and make sure everything is compatible. 4. What is a marginal offset? (0.5 points) The least amount of money that you have unploughed in your account. 5. What is an endorsement? (0.5 points) Its the signature that is in the concealment of the check.If you regard to get a full essay, order it on our website:
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